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Warren Buffett: Why Real Estate Is a LOUSY Investment?

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we've both had a fair amount of

experience in real estate and charlie

made early money in real estate

the second point is the more important

points real estate is not a commodity

but

i think it tends to be

more

accurately

priced critically developed real estate

more accurately priced most of the time

now during the rtc period when you had

huge amounts of transactions and you had

a you had an owner that didn't want to

be an owner in a very big way and they

didn't know what the hell they owned and

all of that sort of thing i mean you had

a lot of mispricing

then and i know a few people in this

room that made a lot of money off of

that but


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